Christopher L. Finazzo Sells 13,000 Shares of United Parks & Resorts Inc. (NYSE:PRKS) Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the transaction, the insider now directly owns 132,439 shares in the company, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

United Parks & Resorts Price Performance

PRKS stock traded up $0.35 during mid-day trading on Tuesday, reaching $57.66. 677,461 shares of the company traded hands, compared to its average volume of 871,607. The company has a fifty day moving average price of $55.26 and a 200-day moving average price of $52.87. The company has a market capitalization of $3.17 billion, a P/E ratio of 14.38 and a beta of 2.00. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.83.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business had revenue of $545.90 million for the quarter, compared to the consensus estimate of $550.47 million. During the same quarter in the previous year, the business earned $1.92 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. As a group, analysts forecast that United Parks & Resorts Inc. will post 3.97 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PRKS shares. JPMorgan Chase & Co. cut their price objective on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Guggenheim decreased their price objective on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Mizuho reiterated an “underperform” rating and issued a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Truist Financial raised their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Macquarie dropped their price objective on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, United Parks & Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $62.60.

Institutional Investors Weigh In On United Parks & Resorts

Large investors have recently modified their holdings of the stock. Hill Path Capital LP purchased a new position in United Parks & Resorts during the third quarter valued at $1,376,588,000. Simcoe Capital Management LLC bought a new stake in United Parks & Resorts in the 3rd quarter worth approximately $110,983,000. Goldentree Asset Management LP purchased a new stake in United Parks & Resorts during the third quarter valued at $71,882,000. River Road Asset Management LLC bought a new position in United Parks & Resorts in the third quarter worth approximately $66,841,000. Finally, HG Vora Capital Management LLC purchased a new stake in United Parks & Resorts in the 3rd quarter worth approximately $65,780,000.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.